Primary: Fleet and mobility electrification The third lever of the Climate Neutral Program targets vehicle fleet emissions and fuel costs, with an appropriate car policy under development. SGRE is separately rolling out a Mobility and Transportation Policy country by country to make e-mobility the preferred option for internal transportation and to transition service vehicles to electric drivetrains.
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Primary: Operational energy efficiency (Climate Neutral Program) As the first lever of its Climate Neutral Program targeting 2030 climate neutrality, Siemens Energy runs energy efficiency projects at its own sites, including LED lighting with dimmers and motion sensors, smart meters for consumption transparency, and building automation systems for heating, ventilation and air conditioning.
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Primary: Portfolio decarbonization framework (efficiency, fuel shift, full decarbonization) Siemens Energy's biggest lever to reduce value-chain GHG emissions is its product portfolio, clustered into three areas: Efficiency increase (improving conventional product efficiency), Fuel shift/Hybridization (transition to alternative fuels or combined renewable/conventional generation), and Full/Deep decarbonization (zero or negative emission technologies). This portfolio approach generated €19.3 billion of Environmental Portfolio revenue in FY2020, reducing customer annual GHG emissions by 35 million metric tons of new installations (522 million cumulative).
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Primary: Hydrogen technology and green hydrogen electrolyzers Siemens Energy is developing gas turbines with hydrogen combustion capability (current fleet burns 30-60% hydrogen blends, targeting 100% by 2030), green hydrogen electrolyzer systems for Power-to-X applications, and pilot projects such as the Salzgitter PEM electrolysis plant for hydrogen-based steelmaking and the Haßfurt H2/CO2-to-methanol pilot, aiming to decarbonize customers' use-of-sold-product emissions.
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100% renewable electricity by 2023 via own-operations shift and SGRE wind leadership Siemens Energy aims to switch 100% of its own global electricity consumption to renewable sources by 2023, reporting 78% green electricity in FY2020, up from prior years, achieved by sourcing renewable power at operational sites. At the portfolio level, the company's majority stake (~67%) in Siemens Gamesa Renewable Energy (SGRE) makes it a global market leader in onshore and offshore wind power, with an installed capacity base exceeding 100 GW, complemented by the New Energy Business unit developing solar, storage, hydrogen and power-to-X solutions.
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Cobalt added to responsible minerals due diligence scope Based on an EU-identified risk assessment covering armed conflicts, weak governance and human rights abuses, Siemens Energy integrated cobalt into its responsible minerals due diligence processes in FY2020, in addition to existing 3TG (tin, tantalum, tungsten, gold) due diligence, focusing initially on battery suppliers.
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COVID-19 pandemic contributed to reduced energy consumption and emissions The reported 16.6% reduction in total energy consumption and roughly one-third (148,000 metric tons) reduction in Scope 1 and 2 emissions in FY2020 were driven partly by COVID-19-related impacts on global operations (reduced electricity demand, decreased business activity) rather than solely by structural decarbonization measures.
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First independent limited assurance engagement for standalone report As a newly independent company, Siemens Energy commissioned Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft to perform its first independent limited assurance engagement on the Sustainability Report 2020, covering GRI-based disclosures and Environmental Portfolio KPIs.
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Alignment with five priority SDGs Siemens Energy prioritizes five UN Sustainable Development Goals for maximum impact: SDG 5 (Gender Equality), SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), and SDG 13 (Climate Action), while contributing to all 17 SDGs.
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Staff transfer from Siemens Gas and Power GmbH & Co. KG to holding company effective FY2021 Post balance-sheet-date event: Siemens Energy AG concluded agreements to take over staff from Siemens Gas and Power GmbH & Co. KG starting October 1, 2020 to carry out its holding activities, including assuming Executive Board remuneration obligations. Management states this will lead to a significant change in net assets, financial position and results of operations in the coming fiscal year (FY2021), reducing comparability with FY2020 figures.
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